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Bank deposits 16%, credit rose 14.52%: RBI data
Bank deposits grew 16 per cent year-on-year to Rs 75,01,861 crore in the fortnight ended December 27, while credit grew at 14.52 per cent at Rs 57,55,916 crore, PTI reported.According to the latest RBI data, during the fortnight, commercial banks' credit ...
What is Marginal Standing Facility or MSF?
MSF is a new monetary tool that came into existence in the monetary policy review for the financial year 2011-2012. The tool serves to reduce the degree of volatility in the inter-bank overnight market. Marginal standing facility is a window ...
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